Vertis Infrastructure Trust Board Approves INR 30,000 Million Public Offer for Sale
Vertis Infrastructure Trust's board has approved a strategic conversion from privately listed to publicly listed InvIT status through an offer for sale worth up to INR 30,000 million. The April 24, 2026 resolution also covers trust deed amendments and requires unitholder approval via postal ballot, subject to regulatory approvals and favorable market conditions.
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Vertis Infrastructure Trust has announced board approval for its strategic conversion from a privately listed infrastructure investment trust (InvIT) to a publicly listed InvIT through an offer for sale of up to INR 30,000 million. The Board of Directors of Vertis Fund Advisors Private Limited, acting as the Investment Manager, formally approved this significant proposal on April 24, 2026.
Board Resolution and Offer Structure
The board resolution passed on April 24, 2026, approved the conversion through a public offer of units by way of an offer for sale by certain existing eligible unitholders, designated as "Selling Unitholders." The offer size has been set at up to INR 30,000 million, subject to market conditions and regulatory approvals.
| Key Offer Details: | Information |
|---|---|
| Offer Size: | Up to INR 30,000 million |
| Offer Type: | Offer for Sale by existing unitholders |
| Trust Name: | Vertis Infrastructure Trust (formerly Highways Infrastructure Trust) |
| Investment Manager: | Vertis Fund Advisors Private Limited |
| SEBI Registration: | IN/InvIT/21-22/0019 |
| Board Approval Date: | April 24, 2026 |
Regulatory Compliance and Documentation
The conversion is being undertaken in accordance with the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014, and the Master Circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/102 dated July 11, 2025. The trust will file comprehensive documentation with SEBI and stock exchanges as part of the regulatory process.
| Stock Exchange Details: | Information |
|---|---|
| NSE Symbol: | VERTIS |
| BSE Scrip Codes: | 974227, 975333, 976771, 976854 (NCDs), 730784 (CP) |
| Primary Regulator: | Securities and Exchange Board of India (SEBI) |
| Applicable Regulations: | SEBI InvIT Regulations 2014, SEBI LODR 2015 |
Trust Deed Amendment and Unitholder Approval
The board also approved the amendment and restatement of the second amended and restated trust deed dated June 27, 2025. These amendments will incorporate regulatory changes and align provisions applicable to publicly listed InvITs. The trust will issue a postal ballot notice to seek unitholder approval for both the conversion proposal and trust deed amendments.
Key Service Providers and Corporate Structure
Vertis Infrastructure Trust operates through a comprehensive service provider network to ensure regulatory compliance and operational efficiency. The trust maintains its principal place of business at Unit No. 601-602, 6th Floor, Windsor House, Off CST Road, Kalina, Santacruz East, Mumbai-400098.
| Service Providers: | Details |
|---|---|
| Unit Trustee: | Axis Trustee Services Limited |
| Debenture Trustee: | Catalyst Trusteeship Limited |
| Issuing & Paying Agent: | ICICI Bank Limited |
| Company Secretary: | Pratik Desai |
| Contact Email: | highwaysinvit@vertis.co.in |
| Website: | www.vertis.co.in |
Market Positioning and Strategic Outlook
The conversion represents a significant milestone in Vertis Infrastructure Trust's evolution, positioning it for enhanced market access and improved liquidity for unitholders. The offer is contingent upon multiple factors including prevailing market conditions, investor interest, and receipt of requisite regulatory approvals from SEBI and stock exchanges.
The trust has emphasized that the final decision to proceed will be made in consultation with book running lead managers and other appointed advisors, ensuring optimal market timing and execution. This strategic initiative demonstrates the trust's commitment to expanding its market presence while maintaining strict compliance with all applicable regulatory frameworks.
How will the conversion to a publicly listed InvIT impact Vertis Infrastructure Trust's ability to raise capital for future infrastructure projects?
What market conditions and investor sentiment factors could influence the timing and success of the INR 30,000 million offer for sale?
How might this public listing affect the trust's asset acquisition strategy and expansion plans in the infrastructure sector?
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